zasad@
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September 02, 2020, 03:24:41 PM |
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https://www.theblockcrypto.com/linked/76686/ethereum-miners-fee-revenue-all-time-high-septemberEthereum miners generated all-time high fee revenue of $17 million yesterday ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FW2LZD8p%2FEg5-LHG2-Xc-AEQayy.jpg&t=665&c=c9pKd9XB4pBsoA) "According to The Block Research, Ethereum miners generated all-time high fee revenue of $17 million on September 1. The figure is 3.7 times higher than the previous highest amount recorded during December 2017 and January 2018 when crypto prices went through the roof."
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ivomm
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Activity: 1878
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All good things to those who wait
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September 02, 2020, 06:10:28 PM |
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These gas fees are a blessing to us the miners. So, I don't mind at all that this gas frenzy continues for months. I even enjoy mining to HW address and then spending 5$ for each transaction to the exchange. It is tens and hunreds times less than the daily profit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Defi and tether, good job congesting eth blockchain! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The profits in the last month are miltiplied by 50 and now are higher even compared to 2017. I sold for BTC more than the half on the way up to 0.04 and I will continue to do so unless there is a crash below 0.025 BTC. I will never stake, any interest is hundreds times less than the profit from mining. The day eth turns into POS, it is dead for me and for many other miners with relatively small farms. For us eth was a mediator to start with 1 gpu and go into Bitcoin world and become a hodler. This attracted millions around the world and they provided a secure blockchain with currently over 200Th/s. It's fork etc is constatly getting 51% attacks because of the low hasrate 3Th/s. I really doubt that the few rich eth hodlers will be enough with their POS stakes to sustain this level of security. Eth will become a coin for the rich and the hackers who will take advantage sooner or later from the smart contracts like DAO in 2016. Anyway, I wish a good luck to eth, it's been quite an exciting journey!
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SpanishSoldier
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 02, 2020, 06:18:58 PM |
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Is GPU mining possible in Ethereum anymore or specialized hardware is mandatory?
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ivomm
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Activity: 1878
Merit: 3023
All good things to those who wait
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 02, 2020, 06:25:39 PM |
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Is GPU mining possible in Ethereum anymore or specialized hardware is mandatory? Yep, I have mixed rigs with rx cards, 390's and even older cards. It is possible as long the VRAM is at least 4 GB until Jan 2021. Then 6 and 8 GB cards only will be able to mine. As I said above, the profit in the last month is the highest I've ever had so far. I am talking about 3$ daily profit from a card and rising.
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JollyGood
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Activity: 2632
Merit: 1769
Top Crypto Casino
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 02, 2020, 06:33:09 PM |
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So much complaining about gas, people need to be relaxed. Let thing thing settle down a bit then see what happens, having stable low fees will definitely become regular and normal again.
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Bolopecah
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 02, 2020, 06:33:15 PM |
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These gas fees are a blessing to us the miners. So, I don't mind at all that this gas frenzy continues for months. I even enjoy mining to HW address and then spending 5$ for each transaction to the exchange. It is tens and hunreds times less than the daily profit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Defi and tether, good job congesting eth blockchain! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The profits in the last month are miltiplied by 50 and now are higher even compared to 2017. I sold for BTC more than the half on the way up to 0.04 and I will continue to do so unless there is a crash below 0.025 BTC. I will never stake, any interest is hundreds times less than the profit from mining. The day eth turns into POS, it is dead for me and for many other miners with relatively small farms. For us eth was a mediator to start with 1 gpu and go into Bitcoin world and become a hodler. This attracted millions around the world and they provided a secure blockchain with currently over 200Th/s. It's fork etc is constatly getting 51% attacks because of the low hasrate 3Th/s. I really doubt that the few rich eth hodlers will be enough with their POS stakes to sustain this level of security. Eth will become a coin for the rich and the hackers who will take advantage sooner or later from the smart contracts like DAO in 2016. Anyway, I wish a good luck to eth, it's been quite an exciting journey! Maybe for miners this is a very good situation to make a profit not from mining, do you think what fate will be for those who found erc-20 based tokens? Transaction fees are excruciating for them, I hope they won't move to another base, which will make the eth network even quieter
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contraband
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 02, 2020, 07:08:14 PM |
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So much complaining about gas, people need to be relaxed. Let thing thing settle down a bit then see what happens, having stable low fees will definitely become regular and normal again.
I agree 100% Things will be fine. Gas high? Yes Overreacting? Most definitely
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vapourminer
Legendary
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Activity: 4424
Merit: 3839
what is this "brake pedal" you speak of?
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 02, 2020, 08:46:17 PM |
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Gas high? Yes
Overreacting? Most definitely
greed. what a drug
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Sy
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Activity: 1484
Merit: 1003
Bounty Detective
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 03, 2020, 05:36:22 AM |
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These gas fees are a blessing to us the miners. So, I don't mind at all that this gas frenzy continues for months. I even enjoy mining to HW address and then spending 5$ for each transaction to the exchange. It is tens and hunreds times less than the daily profit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Defi and tether, good job congesting eth blockchain! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The profits in the last month are miltiplied by 50 and now are higher even compared to 2017. I sold for BTC more than the half on the way up to 0.04 and I will continue to do so unless there is a crash below 0.025 BTC. I will never stake, any interest is hundreds times less than the profit from mining. The day eth turns into POS, it is dead for me and for many other miners with relatively small farms. For us eth was a mediator to start with 1 gpu and go into Bitcoin world and become a hodler. This attracted millions around the world and they provided a secure blockchain with currently over 200Th/s. It's fork etc is constatly getting 51% attacks because of the low hasrate 3Th/s. I really doubt that the few rich eth hodlers will be enough with their POS stakes to sustain this level of security. Eth will become a coin for the rich and the hackers who will take advantage sooner or later from the smart contracts like DAO in 2016. Anyway, I wish a good luck to eth, it's been quite an exciting journey! I am a miner too (small-scale) and, the last few days have been great for us but, I am a trader too and in that case, trust me it's not good when you have to pay $40 bucks for a transaction to go through lol.
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Crypt0Imp
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September 03, 2020, 05:54:14 AM |
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The tx fee is 0.05 ETH now, crazy
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Exadro
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September 03, 2020, 07:47:55 AM |
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There is still plenty of time to tackle this issue and find a way forward but is there enough drive within the ETH development team to do it? We all hope it will come down and will stay stable at low fees otherwise it will affect investor confidence. I hope gas fee comes down when eth 2.0 is launched
now we can see that the cost of gas is getting higher and that will make dap exchange even less I understand that and this is a problem for us traders on the Uniswap Exchange, if gas is big and make profit 3x is not a problem, but when we increase the gas with an effort to speed up the transaction and when it fails, then we will waste 0.06 more of our efforts. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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TeraBite
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 03, 2020, 08:05:50 AM |
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There is still plenty of time to tackle this issue and find a way forward but is there enough drive within the ETH development team to do it? We all hope it will come down and will stay stable at low fees otherwise it will affect investor confidence. I hope gas fee comes down when eth 2.0 is launched
now we can see that the cost of gas is getting higher and that will make dap exchange even less I understand that and this is a problem for us traders on the Uniswap Exchange, if gas is big and make profit 3x is not a problem, but when we increase the gas with an effort to speed up the transaction and when it fails, then we will waste 0.06 more of our efforts. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It happening right now so many transactions getting failed due to network overload and all efforts becoming useless where nobody has control over it. This is very hot topic at the moment everyone talking about the gas price which is still increasing and we paying much higher fees for a normal transaction too.
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JollyGood
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September 03, 2020, 10:56:28 AM |
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I think with a little bit of time things will become more stable, until then people really need to stop complaining or simply sell up and move on. So much complaining about gas, people need to be relaxed. Let thing thing settle down a bit then see what happens, having stable low fees will definitely become regular and normal again.
I agree 100% Things will be fine. Gas high? Yes Overreacting? Most definitely
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JollyGood
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September 03, 2020, 03:41:49 PM |
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What you wrote is incoherent, can you elaborate? Recently, the revenue is only growing, this can not but please
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DU18
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
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Binance #SWGT dan CERTIK Audited
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September 03, 2020, 05:29:29 PM |
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A lot of people are still asking and waiting when actually ETH 2.0 will be launched ethereum, Because, in my opinion the plan has been a long time ago but until now there have been delays by ethereum. Is ETH 2.0 just discourse to increase ethereum's sales or popularity or is it a real plan? Maybe not only me who keeps asking questions but many ethereum lovers who might still be waiting for the latest news about the continuation of the ETH 2.0 project
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Piston Honda
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Juicin' crypto
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September 03, 2020, 06:02:49 PM |
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lol eth2.0 will be lucky if comes out 2021 all, good luck with that.
also anything uniswap can go fuck itself, stupid shitcoins created daily with stupid names/etc. - it's like 2018 again with all the bullshit ICO's to suck ppl's ETH (btc) from them. so stupid. DeFi has promise but again it's being turned to shit by this stuff too. don't even wanna touch any such ETH based coins.
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$ADK ~ watch & learn...
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JollyGood
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September 03, 2020, 08:39:30 PM |
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It would not surprise me if more deadlines and launch dates were announced but resulted in delays. A lot of people are still asking and waiting when actually ETH 2.0 will be launched ethereum, Because, in my opinion the plan has been a long time ago but until now there have been delays by ethereum. Is ETH 2.0 just discourse to increase ethereum's sales or popularity or is it a real plan? Maybe not only me who keeps asking questions but many ethereum lovers who might still be waiting for the latest news about the continuation of the ETH 2.0 project
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davide72
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September 03, 2020, 09:34:55 PM |
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When fee are to much is not good for the all ethereum project .Anyway thanks for the link i was looking for it!
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Sy
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Bounty Detective
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September 04, 2020, 04:55:28 AM |
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GAS fees are still high IMO and, I agree it will rise back again because of the current DeFi hype. I think one of the main reasons for the gas price to dump is the recent ongoing BTC and ETH crash.
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